Reckson Associates has pushed back the date of an important meeting with shareholders amid rumors that the company might be the object of a hostile takeover. Shareholders were to come together next Wednesday, November 22, to vote on whether to approve Reckson’s pending $4-billion merger with SL Green Realty Corp. The company now plans to hold the meeting on November 28. Reckson’s announcement comes on the same day as news that billionaire investor Carl Icahn and Macklowe Properties have entered a $4.26 billion hostile bid for the company. By Tim Moran
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